Sign in Subscribe
Stock offerings

Board Appointments and Convertible Bond Subscription at Global Consumer Public Company Limited

Strategic Insights

— 1 min read

The Stock Exchange of Thailand announced that Global Consumer Public Company Limited (GLOCON) has filed an information memorandum regarding a connected transaction involving the subscription of convertible bonds. As part of this transaction, the Board of Triton Holding Public Company Limited, GLOCON's major shareholder, has appointed new directors and made changes to the company's management structure. These changes include the appointment of Mr. Sadawut Taechaubol as director and Chairman of the Board, and Mr. Pasu Wachirapong as director and Vice Chairman, effective from May 16, 2025. Additionally, the company has approved the subscription of 18,800 units of convertible bonds from GLOCON at a price of 1,000 baht per unit, totaling 18,800,000 baht.

Key Takeaways:

  • The Board of Triton Holding Public Company Limited, a major shareholder of Global Consumer Public Company Limited, has appointed new directors and changed the company's management structure.
  • Mr. Sadawut Taechaubol has been appointed as director and Chairman of the Board, and Mr. Pasu Wachirapong has been appointed as director and Vice Chairman, both effective from May 16, 2025.
  • The company has approved the subscription of 18,800 units of convertible bonds from GLOCON at a price of 1,000 baht per unit, totaling 18,800,000 baht.
  • The convertible bonds will be issued and offered to existing shareholders in proportion to their shareholdings.
  • The subscription price of the convertible bonds is 1,000 baht per unit.
  • The Board of Directors' Meeting that approved these changes was held on May 15, 2025.

Statistics:

  • The total value of the convertible bonds subscription is 18,800,000 baht.
  • The subscription price of each convertible bond unit is 1,000 baht.
  • The number of convertible bond units to be subscribed is 18,800.
  • The effective date for the new board appointments is May 16, 2025.
  • The remaining term of Mr. Natdanai Indrasukhsri and Mrs. Siew San Tan, whose positions were filled by the new appointments, is not specified.

Sources:

  • The Stock Exchange of Thailand ( enclosure Information Memorandum on the Connected Transaction of Triton Holding Company Limited)

Read more